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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (301050)4/15/2009 8:44:50 AM
From: Geoff Altman  Read Replies (1) | Respond to of 793885
 
But the shipping insurers are effectively funding the pirates by paying ransom. These lucrative ransoms create a vicious feedback loop of higher insurance rates and more pirates with better weapons and equipment.

The Barbary pirates did the same thing and we all know how that ended...will the shores of Somalia be added to the marine hymn?



To: Snowshoe who wrote (301050)4/15/2009 9:18:53 AM
From: Tom Clarke  Respond to of 793885
 
Aha! Lloyd's of London is funding the pirates. Thank you.


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